10000 results found for 'UK'

10000 results found for 'UK'
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  • £50 billion going down the drain as UK keeps oil & gas windfall tax in place

    27 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    As the dust continues to settle over the United Kingdom (UK) government’s decision to retain the energy profits levy (EPL), known as the windfall tax on oil and gas profits, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has expressed its dissatisfaction with the move it portrays as a bitter blow to the UK’s energy workers and industry players.

  • UK’s new offshore wind cable testing facility to speed up nationwide production

    28 October 2025
    Business & Finance, Business Developments & Projects, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Technology

    The Offshore Renewable Energy (ORE) Catapult, in partnership with the North East Combined Authority, is investing £2.1 million in a new offshore wind cable testing rig at its facilities in Blyth in North East England. Funded by the North East Combined Authority, the investment will allow ORE Catapult to build a new high voltage (HV) […]

  • Future of North Sea oil project may be up in the air as trio contemplates UK tax policy’s impact

    27 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    Following the UK’s decision to retain its current fiscal and regulatory regime regarding Britain’s oil and gas policy, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to gather together to determine their next steps for a proposed oil redevelopment project in the North Sea on the UK Continental Shelf (UKCS).

  • Anemoi wins $1.59M for ‘next-generation’ folding sail system

    5 August 2025
    Business Developments & Projects, Equipment, Innovation, Technology, Vessels

    UK-based wind-assisted propulsion provider Anemoi Marine Technologies has clinched £1.2 million (roughly $1.59 million) worth of funding under the sixth round of the country’s Clean Maritime Demonstration Competition (CMDC). As disclosed, the winning project is set to encompass the creation of a ‘next-generation’ folding sail system intended for Kamsarmax and Panamax bulk carriers. The initiative will […]

  • Fourfold boost in store for UK’s wind-powered gas and hydrogen storage project with license submission

    24 November 2025
    Authorities & Government, Business Developments & Projects, Regulation & Policy, Rules & Regulation, Transition

    England-based energy transition-focused player EnergyPathways has handed in an application for an enlarged gas storage license, covering the natural gas and hydrogen storage elements of its flagship project, located off the Cumbria coast in the East Irish Sea.

  • UK firm makes a play for Angolan block with multiple oil & gas discoveries and prospects

    5 September 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    UK-headquartered and AIM-listed upstream oil and gas company Afentra has taken steps to secure its first offshore operatorship by expanding its portfolio with another block adjacent to its existing assets off the coast of Angola.

  • Serica Energy brings UK firm with North Sea oil & gas assets into its fold

    22 July 2025
    Business & Finance, Business Developments & Projects

    UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of a compatriot player, Parkmead (E&P) Limited (PUK), from Parkmead Group, expanding its North Sea portfolio with two additional licenses on the UK Continental Shelf (UKCS).

  • Orkney-based firm expands subsea offering with wrap-up of local purchase

    13 August 2025
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Innovation, Outlook & Strategy, Project & Tenders, Technology, Vision

    Green Marine (UK), founded in 2012 in the Orkney Islands, Scotland, has strengthened its renewables-focused offshore subsea service offering with the acquisition of remotely operated vehicles (ROVs), survey equipment, vessel, personnel and contract agreements from Orkney-based Roving Eye Enterprises. The acquired assets include a range of ROVs and specialised survey equipment, as well as the […]

  • Hibiscus spuds one of only three UKCS wells scheduled in 2025 as sector faces ‘historic lows’

    19 September 2025
    Business Developments & Projects, Exploration & Production

    Malaysian independent oil and gas exploration and production company, Hibiscus Petroleum, has spudded a new well at a field in the Central North Sea (CNS) off the coast of the United Kingdom.

  • Sonardyne adds another task to its contract for UK’s first offshore CCS project

    18 November 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Innovation, Outlook & Strategy, Project & Tenders, Storage, Transition, Vision

    Underwater technology company Sonardyne has added more work to its existing contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, for the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough Head, the NEP project will comprise an onshore CO2 gathering network, compression facilities and a […]

  • UK operator gets $200K fine for vent breaches at North Sea gas hub

    29 July 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    As Great Britain’s regulator, North Sea Transition Authority (NSTA), tightens the noose on excessive emissions of greenhouse gases by tackling flaring and venting activity, Chrysaor, which became part of Harbour Energy in 2021, has been fined £150,000 ($200,269.5) for vent breaches at its offshore platform in the North Sea on the UK Continental Shelf (UKCS).

  • New research project looking to minimize failure and repair costs of floating wind dynamic cables, mooring lines

    25 July 2025
    Research & Development

    A new project has been launched in the UK to improve the effectiveness of mooring lines and dynamic cables on floating offshore wind farms. Historically, mooring repair costs for oil production assets have exceeded GBP 400 million (approximately $542 million; €461 million) for a single incident, while cable failures have accounted for between 70% and […]

  • UK case study shows wave energy lowers cost of 24/7 renewables

    24 September 2025
    Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Vision

    A new case study from Swedish wave energy developer CorPower Ocean highlights the role of wave energy in achieving the lowest-cost 24/7 clean energy in northern Scotland. According to CorPower Ocean, wave energy consistently reduces system costs, installed capacity, and storage requirements across scenarios for 2032, 2040, and 2050. By 2050, wave energy provides 22% […]

  • North Sea oil & gas pair comes up on CHC’s flight radar with multi-year chopper deal

    18 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Equinor has hired CHC Helicopter, a Texas-based helicopter services provider, on a long-term assignment at two oil and gas projects in the UK sector of the North Sea.

  • SLB adds first UK offshore CO2 storage project to its to-do list

    22 July 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Outlook & Strategy, Project & Tenders, Storage, Technology, Transition, Vision

    Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB will deploy its Sequestri carbon storage solutions portfolio, said to include technologies […]

  • North Sea operator raising €450M to fund boost in UK gas field and growth opportunities

    17 September 2025
    Business & Finance, Business Developments & Projects

    Ithaca Energy, a North Sea oil and gas operator and producer, has disclosed pricing of its senior notes offering and the extension of its reserves based lending (RBL) facility, which is expected to fuel the firm’s acquisition of an additional stake in a gas field in UK waters and optimize financial flexibility for further expansion and growth.

  • UK National Grid awards €14 billion in last round of supply chain framework awards

    22 August 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Vision

    The UK National Grid has completed the award of its high-voltage direct current (HVDC) civil works supply chain framework, with £12 billion (around €13.9 billion) worth of agreements confirmed, marking the third and final stage of its £59 billion supply chain framework awards. The HVDC supply chain framework was launched in 2023, aiming to establish long-term […]

  • 15-year offtake tasks UK firm with LNG supply mission on Honduras’ Caribbean coast

    2 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    UK-based energy player Centrica has landed a multi-year liquefied natural gas (LNG) assignment in Honduras, a Central American country in the northern part of North America.

  • ‘One of largest’ UKCS producers born with NEO–Repsol merger

    30 July 2025
    Business Developments & Projects

    Aberdeen-based full-cycle energy business New European Offshore (NEO Energy) has completed its strategic merger with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol.

  • ‘Double-edged sword for marine energy sector’: UK releases Allocation Round 7 notices

    25 July 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Market Outlooks, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Vision

    The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for Difference (CfD) scheme. For the first time, separate indicative timelines have been introduced to allow AR7 […]

  • Shell flows first gas from North Sea field

    1 October 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Shell has kicked off production from a gas field in the North Sea, which is expected to help maintain domestically produced gas for Britain’s homes, businesses, and power generation.

  • IKM Testing gets €26M in new contracts, appoints regional director

    31 July 2025
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy, Project & Tenders, Vision

    IKM Testing UK, a company within the IKM Group, has appointed Barry Summers as its new Regional Director, following the retirement of Mark Rasmusen. The move comes as the company reports £23 million (approximately €26,5 million) in new contract awards during the first half of 2025, just 14% short of its full-year turnover in 2024. […]

  • Proposed North Sea oil project makes progress but UK urged to mend its fiscal ways

    4 September 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Given the need to secure future investments in domestic energy, the UK is being asked to change its current fiscal and regulatory regime related to its oil and gas policy, as NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), take steps to move forward with a proposed oil redevelopment project in the North Sea.

  • “Largest” shore power facility installed on River Thames

    31 October 2025
    Business Developments & Projects, Infrastructure, Ports & Logistics

    UK’s builder and operator of renewable and shore power systems Net Zero Marine (NZM), in collaboration with towage services provider Svitzer, has installed “the largest shore power facility” on the River Thames.

  • UK’s first green shipping corridor is in the making

    18 September 2025
    Infrastructure, Ports & Logistics

    The UK-based clean energy enabler NatPower Marine and compatriot port operator Peel Ports Group are set to commence installation of shore power at Heysham in September 2025.